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Those comments are both shallow dismissals so I would wager that it is _your_ comment which is no different. You have offered zero evidence of a successful DAO,
by ShamelessC 5y ago
Those comments are both shallow dismissals so I would wager that it is _your_ comment which is no different. You have offered zero evidence of a successful DAO, merely defined what a DAO is, and appealed to the authority of a bunch of people who are likely to profit directly from the cryptocurrency bubble.
On the other hand, ConstitutionDAO - the most noteworthy example to date, was a complete failure and hasn't even been able to handle refunds.
> that is something that will change.
"Talk is cheap. Show me the code."
- dmitriid 5y agoDon't forget, there's also SpiceDAO which bought a Dune sketchbook and learned that it doesn't give them any rights to produce derivative works.
- camjw 5y agoThey didn't "learn", SpiceDAO was just a straight up scam. They raised like $8m dollars, spent $3m on a book, (100x expected auction value) and then decided to pay themselves $30k a month from the remaining proceeds and presumably just collect interest on the rest. It's been HUGELY profitable for the people who set it up. Ahem, the "core team".
- ShamelessC 5y agoHow could I!? Last I checked they were basically using their received funds to create a fucking powerpoint to show to streaming providers? A show which obviously can't use any of the Dune IP so...why did they buy the sketchbook? The sheer incompetence/negligence/malice would be funny if it weren't so sad.
- leppr 5y agoThat is a fake narrative spun from a screenshot of a tweet[1] taken out of context by people unfamiliar with IP laws. I'm familiar with this DAO, they have been advised by a competent IP lawyer before even bidding on the book. There is a crucial legal difference between derivative work, and work "inspired by" another. [1]: https://twitter.com/TheSpiceDAO/status/1482404318347153413 https://twitter.com/TheSpiceDAO/status/1482404318347153413
- ShamelessC 5y agoJust provide a source - no one knows you so your familiarity with the DAO is useless. edit: Thanks - that tweet doesn't inspire confidence. Why would you need to overbid on a sketchbook in order to make a show which is inspired by it? Why not just, you know, make the show...
- deleted 5y ago[deleted]
- dmitriid 5y ago> That is a fake narrative spun from a screenshot of a tweet Not by a screenshot of the tweet, but by the tweet itself. And it was rightfully ridiculed for it. And now they are "producing an original series" and don't have the money for a writer's room? https://news.ycombinator.com/item?id=30046358 https://news.ycombinator.com/item?id=30046358 For three million dollars they could've created not just "a package with a powerpoint", but half of an animated series, probably.
- jaclaz 5y agoI still think there is something else (I don't know what) about that book auction, who was the other bidder? Or how (the heck) did offers raise to almost three million dollars?
- SubiculumCode 5y agoConstitution Dao is not the most notable at all, just one that caught the dumb dumb news cycle.
- ShamelessC 5y agoSorry but that is what I meant. Was that not obvious?